Non-performance penalty bidder for the contract in the event of a failure attributable to the contractor is required to pay a total net carrying charge equal to 20% of the amount of non-performance penalty.

The shareholders realized that the carrying charge increase would have an immediate improvement on the physical condition of their property, and that the 35-year term of the HUD mortgage would spread out the costs of the refinancing, keeping the monthly payments affordable.

It may make better sense to create a living trust to hold real estate and other individual assets to allow for continued management after the main owner passes without risk of the survivor being removed or being forced out due to lack of ability to pay carrying charges on the property.

Clarification is also needed to the annual election under the state and local deduction Section 266 to capitalize taxes and carrying charges in lieu of deducting the interest, for taxpayers owning real estate.

This assures our shareholders that carrying charges will not skyrocket in the future, while freeing up capital to undertake other repairs and projects that will continue to make Acropolis Gardens a wonderful place to live.

Nazrisho also had sworn to a judge just last week that his client - who was once engaged to the Malaysian prime minister's daughter - "paid real-estate taxes and other carrying charges on the property.

It added "the costs proposed for recovery are merely reimbursement of actual expenses made for calendar year 2012 and though recovery scheme is deferred in nature, there are no carrying charges calculated and proposed.

Homeownership is considered by many to be the American dream and the co-op Rochdale Village remains one of a few Mitchell-Lama limited equity co-ops, providing exceptionally low purchase prices with low monthly carrying charges, for families with low- and middle-income earnings.

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